US Stock Futures Advance, Bitcoin’s Gains in Focus: Markets Wrap
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(Bloomberg) — US equity-index futures advanced along with technology shares in Asia as investors looked ahead to earnings from AI bellwether Nvidia Corp. and US economic data to set the tone for markets this week.
DKSH Said to Bid for Swiss Drug Distributor Swixx Biopharma
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(Bloomberg) — DKSH Holding AG, the Zurich-based distribution firm, is among bidders vying to acquire Swiss drug distribution company Swixx Biopharma SA, according to people familiar with the matter.
Switzerland Defends Role of Executives in Securing US Trade Deal
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(Bloomberg) — Swiss Economy Minister Guy Parmelin pushed back against criticism of Switzerland’s preliminary trade agreement with the US, which cuts tariffs on many Swiss goods from 39% to 15%.
Europe Gauges Fallout From Trump’s Year of Trade Chaos
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(Bloomberg) — European Union officials may cut growth forecasts for 2026 in the coming week in an assessment of damage to the region’s economy, a year after Donald Trump won back the White House.
Swiss Tariff Deal Brings Relief to Struggling Watchmakers
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(Bloomberg) — Three months. That’s how long it took Swiss watchmaker Grovana to restart exports to the US when Donald Trump hit the country with a 39% tariff rate.
Stock Bounce Wanes on Fed Angst as Bitcoin Plunges: Markets Wrap
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(Bloomberg) — A tech-led rebound in stocks faded as caution prevailed on Wall Street ahead of a deluge of economic data and concerns over the Federal Reserve’s ability to slash interest rates in December. Bonds dropped.
US Agrees to Cut Swiss Tariffs to 15% After Investment Pledge
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(Bloomberg) — The US and Switzerland reached a preliminary trade agreement to lower tariffs on many Swiss goods including watches from 39% to 15%, in a measure of relief for the country’s beleaguered exporters.
US to Lower Tariffs on Swiss Goods to 15% in Breakthrough Deal
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(Bloomberg) — The US and Switzerland have “essentially” reached a trade agreement to lower tariffs on Swiss goods from 39% to 15%, and the White House plans to reveal details on Friday, US Trade Representative Jamieson Greer said.
US Praise Trade Talks With Swiss as Deal Awaits Trump’s Sign-Off
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(Bloomberg) — A trade deal between the US and Switzerland is awaiting approval from the White House following talks on Thursday that a senior Trump administration official characterized as positive.
Richemont Sales Rise on Stronger Demand from US, China
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(Bloomberg) — Richemont sales climbed as shoppers from the US to China snapped up the luxury group’s pricey Cartier and Van Cleef & Arpels jewelry.
Swiss Franc Surges to Decade High on Stickier Inflation Outlook
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(Bloomberg) — The Swiss franc climbed to a 10-year high against the euro as expectations of stickier inflation and the prospect of lower US tariffs bolstered demand for the haven currency.
Stocks Sink as Fed Clouds Gather Before Data Storm: Markets Wrap
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(Bloomberg) — Heavy selling resumed on Wall Street, halting a weeklong respite spurred by the US government reopening, as hawkish statements from Federal Reserve officials ahead of a deluge of economic data spurred traders to dump risky assets from tech stocks to crypto.
IFM in Talks to Raise $2 Billion Debt for Green Group Deal
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(Bloomberg) — IFM Investors Pty is in talks to raise about 1.6 billion Swiss francs ($2 billion) in debt to back its acquisition of Swiss data center operator Green Group AG, people with knowledge of the matter said.
Trump Plans to Attend Davos Next Year in Boost to Switzerland
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(Bloomberg) — US President Donald Trump is expected to attend the World Economic Forum’s annual meeting in Davos next year, according to people familiar with his planning, signaling warming US-Swiss relations as the nations close in on a trade deal.
Lukoil’s Oil Trading Business Sheds Staff as Sanctions Near
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(Bloomberg) — The oil trading business of Russia’s Lukoil PJSC began shedding staff all over the world — with just days to go until sanctions on the Moscow-based energy giant are due to kick in.
Dow Average Hits All-Time Highs Before House Vote: Markets Wrap
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(Bloomberg) — Wall Street traders drove most stocks higher and bond yields lower as House lawmakers were poised to end a historic government shutdown, unlocking access to economic data that will be key in shaping the Federal Reserve policy outlook.
Wall Street Bankers in Switzerland Seek Pay Bump on Franc Surge
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(Bloomberg) — Bankers at Wall Street firms based in Switzerland are asking their bosses in New York for higher compensation ahead of the upcoming bonus season, as the franc’s surge threatens to wipe out more than a 10th of their pay for this year.
Swiss Sneaker Brand On Raises Outlook as Sales Soar in Asia
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(Bloomberg) — On Holding AG boosted its sales and earnings forecasts for the year after a better-than-expected third quarter in which consumers in Europe and Asia snapped up the Swiss sneaker maker’s high-priced footwear.
